Newsletter 2024 V2 Article - Focus on Savings Options

We’re proud that our Base Savings account on every membership offers a better interest rate on the first $500 to help you build your savings. But once you’ve maximized on that special rate and have a surplus of savings, what’s the next step?

While Term Deposits, also known as Certificates of Deposit or CDs, have been enjoying a boost in popularity, locking a specified portion of funds away for a predetermined length of time simply isn’t for everyone. Maybe it’s because it’s difficult to pin down a date for your future plans with those funds, or perhaps you simply prefer the flexibility of a savings account that allows you the option of transacting or adding funds while enjoying a higher rate.

Our Money Manager and Money Manager Plus accounts come with a distinct benefit—a tiered earning structure that rewards your savings success. That means the more you save, the better rate your savings will earn. Plus, you’ll always have the flexibility to add to your balance to capitalize on a higher tier. Think of it as the next step up from our more standard savings options like our Base and Goal Savings accounts, where your extra savings goes to grow.

No matter what stage of your financial journey you’re on, we’ve got a savings solution tailored to help you maximize your progress and meet your best financial future.

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